Each Federal Financial Assistance Program Has Specific Compliance Requirements

question 10

Multiple Choice

Each federal financial assistance program has specific compliance requirements. Which of the following is not an example of the general nature of the specific compliance requirements?

• A) Eligibility of individuals or groups to participate in the program.
• B) Allowability of certain types of goods or services that may be acquired.
• C) Maximum dollar amounts of expenditures.
• D) Matching fund requirements.

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Definitions:

Tolerance for Ambiguity

The degree to which an individual is comfortable with uncertainty, unpredictability, conflicting directions, and multiple demands.

Idea Champion

An individual within an organization who passionately supports, promotes, and believes in the potential of an idea or project, often encouraging its adoption and implementation.

Intrapreneur

An employee within a company who promotes innovative product development and marketing by leveraging entrepreneurial skills.

Research and Development

A business or government activity that involves the investment of resources in innovation and improvement of products, services, or processes.